N.Y. Tax Law § 17: Empire zones tax benefits report

§ 17. Empire zones tax benefits report. (a) The department of

taxation and finance must publish an empire zones tax benefits report

annually by June thirtieth. The first report must be published by June

thirtieth, two thousand eleven.

(b) (1) The empire zones tax benefits report must contain the

following information about the empire zone tax credits claimed under

articles nine, nine-A, twenty-two and thirty-three of this chapter

during the previous calendar year:

(A) the name of each taxpayer claiming a credit; and

(B) the amount of each credit earned by each taxpayer.

(2) If the taxpayer claims a empire zone tax credit because the

taxpayer is a member of a limited liability company, a partner in a

partnership or a shareholder in a subchapter S corporation, the name of

each limited liability company, partnership or subchapter S corporation

earning any of those credits and the amount of credit earned by each

entity must be included in the report instead of information about the

taxpayer claiming the credit.

(c) The empire zones tax benefits report must also contain the

following information about the sales and use tax refunds and credits

claimed under subdivision (d) of section eleven hundred nineteen of this

chapter during the previous calendar year:

(A) the name of each taxpayer claiming a credit or refund; and

(B) the total amount of credits or refunds allowed to each taxpayer.

(d) The information included in the empire zones tax benefits report

will be based on the information filed with the department during the

previous calendar year, to the extent that it is practicable to use that

information.